Debt recovery: our fees explained
These costs apply where your claim relates to an unpaid invoice which is not disputed, and enforcement action is not needed. If the other party disputes your claim at any point, we will discuss any further work required and provide you with revised advice about costs, if necessary. This could be on a fixed fee (e.g. if a one off letter is required), or an hourly rate if more extensive work is needed.
| Debt value | Court fee | Our fee (excl. VAT) | Total (excl. VAT) |
|---|---|---|---|
| Up to £300 | £35 | £500 | £535 |
| £300-£500 | £50 | £500 | £550 |
| £500-£1,000 | £70 | £500 | £570 |
| £1,000-£1,500 | £80 | £750 | £830 |
| £1,500-£3,000 | £115 | £750 | £865 |
| £3,000-£5,000 | £205 | £1,500 | £1,705 |
| £5,001-£10,000 | £455 | £2,000 | £2,455 |
| £10,001-£200,000 | 5% value of the claim | £3,500-£5,000 | £court fee dependant |
| £200,000 upwards | £10,000 | £5,000-£8,000 | £15,000 |
Anyone wishing to proceed with a claim should note that:
Our fee includes:
Matters usually take three to six months from receipt of instructions from you to receipt of payment from the other side, depending on whether or not it is necessary to issue a claim. This is on the basis that the other side pays promptly on receipt of a judgement in default. If enforcement action is needed, the matter will take longer to resolve.
If you’re looking to navigate the complexities of business law with a trusted legal partner by your side, get in touch with Switalskis today. Call us on 0800 138 0458 or contact us through the website.